Node Incentives

The node incentives system donates a portion of the miners coinbase reward to peers that are helping to maintain the network infrastructure. The system is constantly probing for good publicly addressable peers. These peers are voted on using a deterministic scoring system that is secured by the blockchain. Additionally there is a collateral mechanism that (if enabled) can prohibit votes from peers that do not have at least N amount of coins (in a single deposit) in their default wallet address. The only requirements for participating in the incentive system are a possible collateral deposit and a publically addressable peer.

Questions and Answers

How do I know if my client is a candidate for incentive rewards?

Use the getincentiveinfo command in the GUI console. If you see "votecandidate, true" you are eligible to be a candidate.

Will collateral be required?

A collateral deposit of at least 10000 into the default wallet address will be required to be a vote candiate starting at block 220000.

How do I deposit collateral?

You send 10000 coins to your default wallet address found in getincentiveinfo as a single transaction. Within some time it should reflect in getincentiveinfo if the deposit is equal or greater than 10000.